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Showing posts from February, 2022

What is a Side Channel Attack ? A way to hack hardware wallets

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  Perhaps the safest way to store passwords right now is to use hardware wallets. Hardware wallets are specially designed to store private keys and passwords and therefore have a very high level of security. One of the strengths of these wallets over software wallets is that they do not have a permanent internet connection. This advantage makes hardware wallets safe from a lot of malware and has a very low probability of being hacked; but in hardware wallets, it is also possible to hack and disclose information, including the phrase recovery, through a side channel attack . What is a Side Channel Attack ? Side Channel Attack was first introduced in 1996 by Paul Kocher. In this way, thieves can decrypt and exploit hardware devices by accessing sensitive information. In this way, an attacker could decrypt and steal encrypted keys or details of instructions and data executed on a hardware device. Lateral channel attacks are a group of attacks on hardware devices. In this method, hack...

All you need to know about Kusama (KSM)

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  Kusama is a public pre-production environment for Polkadot, an environment that allows any developer to test blockchain or new applications before releasing them online. Polkadot has undoubtedly become one of the most popular projects in the field of digital currencies. However, one of the most innovative aspects of Kusama’s ecosystem is the Polkadot Canary Network. While new blockchain projects may seem highly repetitive and derivative, Kusama is distinctive because it is useful. What is Kusama ( KSM ) ? Kusama is a public pre-production environment for Polkadot, an environment that allows any developer to test blockchain or new applications before releasing them online. In this way, Kusama can be said to act as a kind of sandbox for developers looking to test early versions of Polkadot projects, but with real digital currencies traded on the open market. Official Polkadot upgrades are also being tested in Kusama before being released. Because it’s main purpose is to facilitate ...

What are the Cryptocurrency market’s worst-case scenarios ? Experts answer

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  On October 31, 2008, an unidentified individual or group introducing themselves as Satoshi Nakamoto published a nine-page article discussing a new electronic currency and its counterpart. Called Bitcoin, the new currency offered a model of a completely new payment system. A few years later, the bitcoin fever is now rampant among the people of the world and everyone is looking at it as their savior; but one big concern among many of these people is whether bitcoin may one day lose its value. Alternatively, maybe this digital currency will be completely destroyed in a sudden event and its price will reach zero. The truth is, this is not the only concern about Bitcoin and other digital currencies. These currencies are not yet regulated in many countries of the world and there are no specific regulations for them. Therefore, it is natural for concerns about them to intensify. In this article from  CoinmarketSIG , we aim to express the biggest fears of the digital currency world ...

different types of cryptocurrency transfer networks

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  You must have experienced posting a package from one place to another. On each postal package, the sender and recipient address must be entered in full detail. If the recipient’s address is in another city, the postal conditions will change. It may not be possible to transfer to the city of your choice or your package may need to be transported by plane or ship. Digital currency transfers can also be compared to the transfer of a package by mail. Digital currency transfer network is one of the most fundamental and interesting concepts in the world of digital currencies. Digital currency transfer networks, also known as digital currency transfer platforms, can be likened to separate cities. In these cities, it is not possible to post any packages outside the city or this is done with special conditions. Therefore, when you want to send a packet from one point to another, you have to make sure that the destination address is in the city. Understanding the digital currency transfer ...